Reason for long
a) One of the top 5 cloud storage company in the world
b) Head and shoulder (HSP) set up
c) super vwap positive
d) Super trend long
SL compulsory
duration 1 year to 6 months
Can’t argue with a candle like that one! Sheesh. 50% retrace puts us just below 69 which was also an area of consolidation from Friday. It ALSO happens to be the new weekly pivot that will be here starting tomorrow. (that’s right, I went and preemptively calculated the new week’s pivots, you’re welcome). And dip down to 69 or slightly below will be looked at as...